Feb. 12, 2019
Nav, an app-based platform designed to help small businesses manage their finances, has raised $44.8 million in Series C funding led by Goldman Sachs Principal Strategic Investments.
Rana Yared, a managing director at Goldman Sachs, has moved from her position as an observer on the Nav board to that of a voting member of the board, according to a press release.
Nav helps small businesses find financing by giving them free access to business and personal credit reports from major commercial and consumer credit bureaus.
"Imagine a single platform that uses data to anticipate and deliver all of a small business owner’s financial needs," Nav co-founder and CEO Levi King said in the release. "Because we can see the pattern of everything from who gets approved for financing to who has a strong cash flow, we can solve for the myriad financial considerations for small businesses."
Other investors in the current round included Point72 Ventures, Experian Ventures, Aries and CreditEast Fintech Investment Fund, according to the release. Investors in previous funding rounds include Kleiner Perkins and Tencent Holdings.
Topics: Financial News
Sponsored Links: